402 1st Street, Sultan, WA 98294
- $475,000
- 1,620
- SqFt
Listing courtesy of COMPASS. Selling Office: RE/MAX Metro Realty, Inc..
- Sold Price
- $475,000
- List Price
- $475,000
- Status
- SOLD
- MLS#
- 2411535
- Closing Date
- Sep 30, 2025
- Days on Market
- 126
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 1,620
- Area Total SqFt
- 1620
- Annual Tax Ammount
- 3113
- Lot Size (sq ft)
- 5,227
- Sewer
- Sewer Connected
Property Description
Investor opportunity in growing Sultan! This fully leased duplex features two spacious 2 bed, 1 bath units with solid tenants and strong rental history. Current rents are below market, offering immediate upside potential with room to increase cash flow. Ideally located just minutes from Hwy 2 for an easy commute and close to local shops, dining, and everyday conveniences. Each unit offers a functional layout, off-street parking, and separate entrances for privacy. Whether you're expanding your portfolio or looking for a stable, income-producing asset with long-term upside, this is a smart addition. Don’t miss out on this value-add duplex in a rapidly developing area.
Additional Information
- List Date
- 2025-05-27 00:00:00
- Community
- Baring
- Net Operating Income
- $16,717
- Gross Adjusted Income
- $27,600
- Gross Scheduled Income
- $27,600
- Total Monthly Income
- $2,290
- Insurance Expenses
- $1,500
- Water/Sewer/Garbage Expenses
- $5,520
- Gross Rent Multiplier
- 19.9
- Total Expenses
- $10,333
- Cap Rate
- 3.4
- Total Number of Units
- 2
- Unit Name
- 402
- Potential Terms
- Cash Out, Conventional, FHA, USDA Loan, VA Loan
- Year Built
- 1979
- View
- Territorial
- Roof
- Composition
- Other Expenses
- 200
- Energy Source
- Electric
- School District
- Sultan
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $2,290
- Gross Scheduled Income
- $27,600
- Gross Adjusted Income
- $27,600
- Tax Year
- 2024
- Insurance Expense
- $1,500
- W/S/G Expenses
- $5,520
- Total Expenses
- $10,333
- Net Operating Income
- $16,717
- Gross Rent Multiplier
- 19.9
- Cap Rate
- 3.4
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.